Mobile Bank Development Company

Relying on a professional mobile app development company such as 4IRE is a wise decision. You can enjoy minimal risk because the cost of mobile app delivery is fixed, and you are informed about the process step-by-step. You can contribute to the app development as much as you like by either controlling the whole process or allowing our experts to take the lead. With 4IRE, you waste no time on market formalities and can focus your attention on other critical business operations. You also save money because you don’t need to hire an in-house IT team. Finally, the 4IRE team will help you stay current with the latest technology and create a cutting-edge mobile banking app.

You can choose one of three main types of online banking. Mobile banking over USSD is the simplest one, allowing clients to use specific codes for balance inquiry or funds transfer. The list of services offered by this type is pretty short. SMS banking allows users to use SMS to receive their banking information, check balance, transfer funds, etc. The main advantage of this mobile banking service is that it does not require an Internet connection. Finally, mobile banking via mobile apps is the most reliable and advanced type of service. Apps offer a comprehensive list of banking services, from transaction history to investments, reducing the need to visit the bank to the minimum. Mobile banking apps make services simpler and more accessible while at the same time ensuring better security.

The simplest banking app may cost under $100K. However, if you need a competitive, reliable, and user-friendly product, you will have to pay about $100K-$500K for development services. The price varies considerably depending on numerous factors, such as the list of features, security protocols, deadlines, support and maintenance requirements, etc. The high price is justified, given many regulatory guidelines that need to be followed. If it seems that the cost is too high, remember that by paying more, you reduce the risk of security breaches to the minimum. A better, more expensive app increases customer trust and satisfaction.

We approach each project seriously, so we begin by conducting thorough market research. Then, we create a prototype using the collected data and discuss the details with customers. The actual development process consists of the UI/UX design, coding, laying the groundwork for security, etc. We carefully test each product before the launch and polish it later based on the users’ feedback. 4IRE team also introduces improvements and updates according to technical needs and clients’ requirements. In other words, we take care of your mobile banking app every step of the way, so you don’t have to worry about the technical aspects of your business.

Your mobile app can incorporate some of the most high-demand features, such as cashback services, expense trackers, bill splitting, cardless ATM access, chatbots, blockchain incorporation, etc. Anything that can make your app more secure, personalized, and accessible adds to its competitiveness. You don’t need to add all available features to your app. Start by asking your customers what they expect from your product and select the most useful functions that matter to them. In this way, you will spend your money wisely and achieve the desired business goals.